Fort Worth plans to move City Hall to one of downtown’s most well known buildings.
See full Fort Worth Star-Telegram article by Gordon Dickson and Luke Ranker here.
One of downtown Fort Worth’s most iconic and largely vacant buildings, the former Pier 1 Imports headquarters, will likely soon have a new tenant.
The city of Fort Worth plans to buy the glass and gray granite building for use as a new City Hall.
City Manager David Cooke and Mayor Betsy Price announced Wednesday a plan to buy the 20-story tower on the northwestern edge of downtown. The City Council will be asked to approve the purchase Dec. 15, and the sale could close on Feb. 1.
If the deal is finalized, city offices would move into the modern, glassy structure — known for lighting up purple during TCU football weekends — in the next two years, they said. The building is on the eastern bank of the Trinity River at 100 Energy Way.
A purchase price was not disclosed, but Cooke said the cost would be less than $100 million, which would be far less than the estimated $200 million that would have been needed to build a new City Hall structure. In 2014, the last time the building was sold, it went for $87 million. Cooke said the purchase price was lower than that. He did not expect renovations to push the total cost above $100 million.
Location Mentioned: Pier 1 Imports Building